Varenne Capital Partners

What Varenne Capital Partners does

Varenne Capital Partners is an independent, employee-owned investment management firm headquartered in Paris, founded in January 2003 by Giuseppe Perrone and Marco Sormani. The firm manages $2.6B in assets under management (as of 31/12/2025) through four Luxembourg-domiciled UCITS funds: Varenne Valeur, Varenne Global, Varenne Conviction, and Varenne Long Short, all classified under SFDR Article 8. Varenne specializes in global developed market equities and offers investors a choice of net equity exposures within a single investment ecosystem.

The firm is built around four complementary proprietary investment frameworks — Long Equity, Short Equity, Merger Arbitrage, and Tail Risk Hedging — supported by a BQL (Behavioral Quantitative Long) approach that combines fundamental and behavioral factors. Technology is central to the firm: Varenne has developed proprietary databases over more than 20 years, including the 'Dealing of Insiders' (DOI) database, and operates a custom-built information system maintained by an in-house IT team. The firm is regulated by the AMF (registration GP-06000004), has been a UN PRI signatory since March 2020, and is led by Managing Directors and senior partners with tenures of 10+ years.

Varenne generates revenue from recurring management fees on AUM, distributed via a dedicated Business Development and Investor Relations team that covers ten countries (France, Belgium, Germany, Italy, Luxembourg, Sweden, Spain, Switzerland, UK, US) and via a distribution partnership with Lancea Partners in London. Its primary customer segments are professional and institutional investors, with French wealth management advisors as a meaningful sub-channel; the firm has ranked 1st in the Gestion de Fortune Awards in the €1-€5B AUM category for seven consecutive years.

Name

Varenne Capital Partners

Legal name

Varenne Capital Partners, S.A.S

Website

https://varennecapital.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Varenne Capital Partners is an independent, employee-owned Paris-based investment manager running $2.6B in four UCITS funds focused on global developed market equities, serving professional and institutional investors across Europe and the US.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Asset Management Fees: Varenne Capital Partners generates revenue through management fees charged on assets under management across its UCITS and FIA fund vehicles. The firm manages $2.6B AUM as of December 2025 across multiple strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Varenne Capital Partners is an independent, employee-owned asset management firm offering four Luxembourg-domiciled UCITS investment funds (Varenne Long Short, Varenne Valeur, Varenne Global, and Varenne Conviction) that invest in global developed market equities. The funds combine proprietary Long Equity, Short Equity, Merger Arbitrage, and Tail Risk Hedging frameworks to deliver superior long-term returns while minimizing risk-taking. The firm manages approximately $2.6 billion in AUM and serves professional, institutional, and eligible retail investors across Europe and the United States.

Product overview

Varenne Capital Partners offers a unified platform of four UCITS investment funds, all classified under SFDR Article 8, domiciled in Luxembourg. The product suite ranges from concentrated long-only strategies (Varenne Conviction) to long/short strategies with optional merger arbitrage and tail risk hedging overlays (Varenne Valeur, Varenne Global, Varenne Long Short). Each fund combines proprietary investment frameworks—Long Equity, Short Equity, Merger Arbitrage, and Tail Risk Hedging—allowing investors to select their desired target net equity exposure within the Varenne ecosystem and expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Varenne Long Short A UCITS fund domiciled in Luxembourg (SFDR Article 8) combining Long Equity and Short Equity strategies with targeted net equity exposure. Designed for professional and eligible retail investors seeking managed long/short exposure in global developed markets.
• Varenne Valeur A UCITS fund domiciled in Luxembourg (SFDR Article 8) incorporating Long Equity, Short Equity, Merger Arbitrage, and Tail Risk Hedging frameworks. Available in multiple currency share classes including EUR, CHF, USD, and GBP. Target investor base includes professional and eligible retail investors.
• Varenne Global A UCITS fund domiciled in Luxembourg (SFDR Article 8) combining Long Equity, Short Equity, Merger Arbitrage, and Tail Risk Hedging frameworks for global developed market equities exposure.
• Varenne Conviction A UCITS long-only fund domiciled in Luxembourg (SFDR Article 8) focused on concentrated Long Equity exposure through high-conviction ideas in global developed markets.

Quantifiable outcome

• 84.39% 5-year return for Varenne Valeur Part A-EUR (inception 31/01/2003)
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Lancea PartnerscoreChannel Partner/ Reseller/ DistributorLancea Partners is a strategic distribution partner where François Bazin, Director of Business Development at Varenne Capital, serves as a partner in London. This partnership supports Varenne's business development activities focusing specifically on international markets, particularly the UK market.
• UN Principles for Responsible Investment (PRI)coreOthersVarenne Capital Partners is a signatory of the UN Principles for Responsible Investment since March 2020, demonstrating commitment to responsible investing. As a signatory, the firm is committed to incorporating ESG factors into its investment analysis and decision-making processes.
• UCITS Fund Platform (Luxembourg domicile)coreOthersAll Varenne Capital funds are domiciled in Luxembourg as UCITS vehicles and classified under SFDR Article 8, enabling cross-border distribution to retail and professional investors across European markets.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Boussard & Gavaudan: London/Paris-based long/short equity manager running European-focused mandates with a flexible net exposure range. Varenne's head of trading Loïc Mercier joined from Boussard & Gavaudan, indicating directly comparable strategies, fund structures, and client base.
• Financière de l'Echiquier: Paris-based fundamental equity manager running long-only and conviction-driven European/global equity strategies. Comparable given the shared French institutional and wealth management distribution channel and similar long-term-return proposition.
• Amiral Gestion: Paris-based asset manager with long-only equity and SRI strategies. Directly comparable given shared geographic focus, French institutional/retail client base, and SFDR Article 8/9 positioning; Varenne analyst Nicolas Jamois previously worked at Amiral Gestion.
• Comgest: European/global equities manager known for quality-growth long-only strategies. Comparable given the shared developed markets equity focus, multi-country European distribution, and UCITS structure; Varenne analyst Nicolas Vargas was previously a US Equity Analyst at Comgest.
• Exane Asset Management: Paris-based long/short equity manager affiliated with the Exane brokerage. Comparable given the French institutional client base, long/short equity expertise, and proprietary research-driven approach; Varenne's head of risk management Laurent Chrétien previously worked at Exane Derivatives.

Broad incumbents

• Lombard Odier Investment Managers: Swiss private banking group with a sizable asset management arm running long-only and long/short equity strategies across global developed markets. Comparable given Swiss/European institutional distribution and shared UCITS fund wrappers.
• Tikehau Capital: Paris-listed alternative asset manager with public equity, private debt, and real asset strategies. Comparable as a French-headquartered multi-strategy alternative manager competing for institutional and wealth management allocator mandates.
• Lazard Asset Management: Global asset manager with developed-markets equity and alternative strategies. Comparable as a larger incumbent competing for similar European institutional allocator mandates, though broader in scope.

Regional players

• CPR Asset Management: French asset manager (subsidiary of Amundi) running thematic, equity, and multi-asset strategies for European institutional and retail clients. Comparable given the French distribution overlap and shared UCITS/SFDR product universe.

Emerging players

• Flossbach von Storch: Cologne-based independent asset manager with concentrated global equity strategies. Comparable as an independent, founder-led European boutique competing for wealth management and institutional mandates across the DACH and Benelux markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC4I5Xu6lSIj3iQWoJUM6Tkg/videos
• LinkedInlinkedin.com/company/varenne-capital-partners
• Xx.com/VarenneCapital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Varenne Capital Partners